Bank of Japan Deputy Governor Amamiya not straying from standard BOJ rhetoric.

Headlines via Reuters:

  • current powerful easing exerting intended effect on economy
  • corporate finance will remain under stress as economic improvement to be moderate
  • will extend duration of covid-response measures beyond march deadline as needed, with eye on pandemic impact on economy
  • must be vigilant to chance financial system will be affected if corporate, household woes shift to solvency problems from liquidity constraints
  • private consumption gradually picking up, likely to continue recovery

  • exports likely to increase for broader range of goods
  • risks are on downside
  • uncertainty is extremely high

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